(TheNewswire)
October 21, 2021 – TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (TSXV:JZR) (the “Company” or “JZR”) is pleased to report that drilling on the bedrock portion of the Vila Nova gold project, Amapa State, Brazil has intersected veins totaling 23.09 meters grading 31.58 g/t (one ounce per tonne) at a vertical depth of 74.47 meters in Hole VN-3 (Cord. 0.4075N, 51.7359W). The intersection represents three quartz veins within a 37.78 meter interval that averages 19.3 g/t (0.62 oz) over the entire interval. True width of the unit is estimated at 80% of down-hole length in steeply dipping units that subcrop below the 20 meters of unconsolidated tailings and rubble from previous hand mining. Additional drill results will be reported when metallic screen assays are complete. The fire assays were conducted by GEOSOL- SGS Laboratories in Belo Horizonte, Brazil.
Nineteen (19) holes were drilled over 2,000 meters. The foregoing results were derived from the results of five (5) holes, and assays are pending on the remaining fourteen (14) holes. The reader is cautioned that, as assays have not been completed on the remaining holes, these results are selective and may not represent the values over the property in general. This press release was prepared by and approved by Dr. S.A. Jackson, PGeo., a Qualified Person under National Instrument 43-101, and an advisor to the Company.
For further information, please contact:
Robert Klenk
Chief Executive Officer
Tel: 604.329.9092
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or “U.S. persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
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